TABLE 13-2A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this, the company randomly chooses 6 small cities and offers the candy bar at different prices. Using candy bar sales as the dependent variable, the company will conduct a simple linear regression on the data below: Referring to Table 13-2, what percentage of the total variation in candy bar sales is explained by prices? (Hint: put the data in excel and use R to conduct the simple linear regression analysis)

Katelynn Corporation manufactures two products: kites and gliders. Annual​ production: ​Kites: 2,000 units and 2,000 direct labor hours ​Gliders: 400 units and 2,000 direct labor hours Total estimated​overhead: $ 154,000 The company is considering switching to an ABC system for its products. If the company used an ABC​ system, it would have the following three activity cost​ pools: The company currently calculates the predetermined overhead rate as​ follows: ​= Total estimated overhead​ ÷ Total estimated direct labor hours ​= $ 154,000 ​÷ 4,000 direct labor hours ​= $ 38.50 overhead per direct labor hour Requirements: Calculate the total overhead cost for gliders using Katelynn Corporation’s existing​ (traditional) costing system. Calculate the overhead cost for gliders under the proposed ABC system: Calculate the activity-based overhead rate for each activity cost pool, then Calculate the total overhead costs for the gliders under the proposed ABC system. What information do these results provide to​management?  Based upon these results, what advice would you provide management? Be specific. For example: Is the information provided to management more detailed? If so, how? When comparing the traditional and ABC systems’ total overhead computations, are the gliders over- or under-costed? What recommendations would you make to management?  

An engineering firm allocates its indirect (overhead) costs based on direct labor hours. Additional information:- Estimated direct labor hours worked: 1,150- Estimated overhead: $5,400- Actual direct labor hours worked: 1,850- Actual overhead: $4,800During the year, engineers incurred 900 direct labor hours and $3,300 of direct costs for its largest client. What is the total cost of the firm’s largest client? (Round any intermediate calculations to the nearest cent, and round final answer to the nearest dollar.)

Direct labor costs were incorrectly classified as a period cost. Less units were sold than were produced. What was the effect on the cost of goods sold reported on the income statement and on the current assets on the balance sheet?

Why something happened is to diagnostic analytics as what is likely to happen is to:

A manager underestimates the direct labor hours required to complete a job in order to have the lowest bid and win the job. Which of the IMA’s Standards of Ethical Professional Practice is NOT violated?

Directions:  Read the following paragraph carefully.  Answer the questions that follow.   (1)My hometown is famous for several amazing natural features. (2) First, it is noted for the Wheaton River, which is very wide and beautiful.  (3)On either side of this river, which is 175 feet wide, are many willow trees which have long branches that can move gracefully in the wind.  (4)In autumn the leaves of the trees fall and cover the riverbanks like golden snow.  (5)Also, on the other side of the town is Wheaton Hill, which is unusual because it is very steep.  (6)Even though it is steep, climbing this hill is not dangerous because there are some firm rocks along the sides that can be used as stairs.  (7)There are no trees around this hill, so it stands clearly against the sky and can be seen from many miles away.  (8)The third amazing feature is Big Old Tree. (9)This tree stands two hundred feet tall and is probably about six hundred years old.  (10)These three landmarks are truly amazing and make my hometown a famous place. Which sentence is the  Topic Sentence? 

Directions:  Identify each sentence as either active or passive. The poem was read aloud by Kam.

Directions:  For each pair of sentences, select the sentence that demonstrates proper pronoun consistency.

It takes skill to call into work with a phony excuse.